Principal Financial Group Inc. Invests $18.74 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Principal Financial Group Inc. acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 819,240 shares of the real estate investment trust's stock, valued at approximately $18,736,000. Principal Financial Group Inc. owned 0.12% of Healthpeak Properties at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DOC. abrdn plc purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at $62,670,000. Douglas Lane & Associates LLC purchased a new position in Healthpeak Properties in the third quarter valued at about $33,947,000. Foresight Group Ltd Liability Partnership acquired a new position in shares of Healthpeak Properties during the third quarter worth about $33,212,000. Asset Management One Co. Ltd. purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $29,934,000. Finally, Raymond James & Associates acquired a new stake in shares of Healthpeak Properties in the third quarter valued at about $25,711,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DOC shares. Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and increased their target price for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Royal Bank of Canada increased their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, Scotiabank lifted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.86.

Healthpeak Properties Stock Performance

Shares of NYSE DOC traded down $0.39 during midday trading on Friday, hitting $20.86. 7,265,673 shares of the company's stock were exchanged, compared to its average volume of 5,745,080. Healthpeak Properties, Inc. has a twelve month low of $16.01 and a twelve month high of $23.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $14.59 billion, a P/E ratio of 44.38, a PEG ratio of 2.41 and a beta of 1.13. The stock's 50 day moving average price is $22.29 and its 200-day moving average price is $21.03.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.75%. Healthpeak Properties's dividend payout ratio is currently 255.32%.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.